South African billionaire Mark Shuttleworth rules out Canonical IPO
Open-source infrastructure house Canonical has the financial base for a public listing, but founder and CEO Mark Shuttleworth says the timing is wrong.
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Burkinabe tycoon Idrissa Nassa’s Coris Holding gets $115.7 million to boost banking in West Africa
Idrissa Nassa gets $115.7 million investment to grow Coris Bank and expand banking access across West Africa.
Nigerian oil mogul Wale Tinubu’s Oando reports $145 million 9-month profit
Oando posts $145 million profit in 9 months as production rises and NAOC acquisition boosts output.
LNG: How arbitration battles are redefining the global gas trade
A wave of billion-dollar legal battles—from BP’s arbitration win against Venture Global to Nigeria LNG’s London defeat—shows how the once-stable LNG market is now shaped by courtrooms, not contracts.
Femi Otedola donates $2.8 million for Augustine University engineering block
Billionaire Femi Otedola has committed ₦4 billion to build a new electrical and electronics engineering block at Augustine University, reinforcing his role as the institution’s largest private benefactor.
Oppenheimer family is South Africa’s top declared political donor
The Oppenheimer family has become the biggest source of declared private funding in South African politics, steering more than R200 million to six parties since disclosures began in 2021.
Zimbabwean billionaire Strive Masiyiwa's net worth bounces back to $1.3 billion
Strive Masiyiwa regains $100 million in two weeks, lifting his net worth to $1.3 billion as Cassava Technologies expands its AI and data footprint.
Moroccan billionaire Anas Sefrioui's stake in ADH rebounds above $1.1 billion
Moroccan billionaire Anas Sefrioui regains $170 million as ADH shares rebound on the Casablanca Bourse.
Uganda's richest man Sudhir Ruparelia funds 100 scholarships in memory of late son
Ugandan businessman Sudhir Ruparelia and his wife, Jyotsna, launched 100 full scholarships at Victoria University under a bursary named for their late son, Rajiv, marking one of the largest single-year awards in the school’s history.
Nigerian billionaire Femi Otedola's FirstHoldCo settles $350 million Eurobond
FirstBank, the flagship banking subsidiary of FirstHoldCo, redeems a $350 million Eurobond, reinforcing liquidity and investor confidence.
Nigerian banking and private aviation mogul Atedo Peterside calls for electoral reform
Anap Foundation’s Atedo Peterside says Nigeria’s election manager must face tougher disclosure rules and time-bound audits, arguing courts have “failed woefully” and investor confidence is at risk.
Seplat co-founder ABC Orjiako faces $220 million judgment in BVI court
A British Virgin Islands judge granted Access Bank a US$220 million summary judgment against Seplat co-founder ABC Orjiako, piercing offshore structures tied to historic oil-sector debts.
Nigerian billionaire Arthur Eze faces backlash in Liberian parliament over oil deal
Liberian MPs have urged colleagues to reject production-sharing deals with Arthur Eze’s Atlas Oranto, citing a chequered record and opaque terms. The Boakai administration says the agreements will revive offshore exploration.
South African billionaire Saltzman family’s Dis-Chem posts $1.2 billion half-year revenue
Dis-Chem Pharmacies, backed by South Africa’s billionaire Saltzman family, posted $1.2 billion revenue in H1 2025, driven by retail and wholesale growth.
Petralon 54 inaugurates Host Community Development Trusts for Dawes-Island Communities
Petralon 54 launches Host Community Development Trusts in Dawes-Island to empower Ogoloma and Koniama communities.
Richemont rally boosts South Africa’s richest man by $4.6 billion
Johann Rupert gains $4.6 billion this year as Richemont’s rally lifts his net worth to $18.3 billion, the highest gain among African billionaires.